28 Possum Ln, Palmyra, VA, 22963 | 4.97% Rental Yield

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28 Possum Ln, Palmyra, VA, 22963 | 4.97% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $3,046/mo, and a $3,597/mo payment. Purchase price stands at $735,000, and rental yield measures 4.97% with $3,046/mo rent. Return on cash invested shows 13.37% in year one, and 5% annual appreciation builds toward $203,067 over five years. Five-year ROI reaches 67.48% and total cumulative return in cash records $163,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,046/mo property income covering a $3,597/mo payment rather than investor’s personal income.

Single Family

Built in 1999

0.93 Acres lot

$N/A/sqft

No HOA

More details about the property

Escape to lakeside serenity in this impeccably maintained 3-bed+den, 2.5-bath waterfront retreat on nearly 1 acre tucked away on a quiet Lake Monticello cove. Enter into a spacious great room framed by scenic lake views and warmed by a see-through fireplace that connects the adjacent den/office with equally great views. The large kitchen offers granite countertops, abundant cabinetry, a pantry, and updated appliances. The primary suite on the main level ensures easy comfort, while two generous bedrooms and a shared bath await upstairs. Enjoy seamless indoor-outdoor living on the screened deck, outdoor patio, welcoming front porch, and 2024 rear hardscape that leads down to the dock. The basement features ~650 sq ft space with normal ceiling height ideal for storage (water toys!), recreation, or workshop, with the remainder as crawlspace/storage. A two-car attached garage add to everyday ease. As part of the private Lake Monticello community, residents enjoy a beach, racket courts, clubhouse with snack bar, boating, tubing, and a vibrant social scene.

Neighborhood Data

Neighborhood data shown for ZIP Code: 22963, Palmyra, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,330 (100%)
Owner Occupied HU	6,070 (82.8%)
Renter Occupied HU	755 (10.3%)
Vacant Housing Units	505 ( 6.9%)
Median Home Value	$328,349
Average Home Value	$376,623